Former government bus driver Minar Mondal was arrested after the seizure of ₹28.5 crore from his residence. He is a relative of Tulu Mondal, who is an alleged close associate of TMC leader Anubrata Mondal.  On the other hand, ED conducted raids on premises linked to an illegal coal mining network

₹28.5 Crore in Cash & Gold Bars Seized from Ex-Government Bus Driver's Home in West Bengal

Mumbai: The Enforcement Directorate (ED) has provisionally attached immovable properties worth approximately ₹503.48 crore belonging to Raheja Developers Limited, its promoter Navin Raheja and his family members in connection with an alleged homebuyers fraud and money laundering case.The attachment has been made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. With the latest action, the total value of assets attached by the central agency in the case has now reached approximately ₹1,617.29 crore, making it one of the largest attachments in a real estate-linked money laundering investigation involving homebuyers.&nbsp;According to the ED, the money laundering probe stems from multiple FIRs registered by the Economic Offences Wing (EOW) on complaints filed by homebuyers who accused the developer of failing to complete and hand over residential units despite collecting large sums of money over the years.&nbsp;Also read: <a href="https://www.wionews.com/india-news/drdo-successfully-tests-indigenous-long-range-land-attack-cruise-missile-1781543212448">DRDO successfully tests indigenous Long Range Land Attack Cruise Missile</a>&nbsp;The agency alleges that Raheja Developers collected nearly ₹2,425.99 crore from around 4,600 homebuyers across several residential and commercial projects. However, investigators claim a substantial portion of these funds was allegedly siphoned off and diverted through a web of related companies, group entities and shell firms instead of being utilised for project construction and completion.&nbsp;The ED’s investigation has reportedly uncovered a complex network of financial transactions allegedly designed to conceal the movement of funds. Officials suspect that proceeds collected from one project were diverted elsewhere, leaving several developments incomplete and causing financial distress to thousands of homebuyers.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-has-committed-to-destroy-and-dispose-of-highly-enriched-material-says-vance-1781535582499">‘Iran has committed to destroy and dispose of highly enriched material,’ says Vance</a>&nbsp;The latest attachment follows an earlier provisional attachment of assets worth ₹1,113.81 crore in April this year. Those assets included land parcels, commercial properties and other investments allegedly linked to the company, its promoters and associated entities.&nbsp;During search operations conducted as part of the investigation, the ED had also seized jewellery and bullion worth around ₹15.82 crore, foreign currency and several incriminating documents and digital devices. These materials are currently being examined to establish the complete money trail and identify all individuals and entities that may have benefited from the alleged diversion of funds.&nbsp;Also Read: <a href="https://www.wionews.com/world/g7-summit-2026-what-would-success-look-like-in-vian-amid-turbulent-times-1781524196880">G7 Summit 2026: What would success look like in Évian amid turbulent times?</a>&nbsp;The case has drawn significant attention due to the large number of affected homebuyers and the scale of the alleged financial irregularities. The ED has stated that further investigation is underway to trace additional assets, identify beneficiaries and determine the full extent of the alleged laundering of homebuyers’ funds.&nbsp;With total attachments now crossing ₹1,617 crore, the Raheja Developers case has emerged as one of the country’s biggest probes involving alleged diversion of homebuyers’ money and suspected financial misconduct in the real estate sector.

The money laundering probe stems from multiple FIRs registered by the Economic Offences Wing (EOW) on complaints filed by homebuyers who accused the developer of failing to complete and hand over residential units despite collecting large sums of money over the years.

Mumbai: The Enforcement Directorate (ED) has provisionally attached immovable properties worth approximately ₹503.48 crore belonging to Raheja Developers Limited, its promoter Navin Raheja and his family members in connection with an alleged homebuyers fraud and money laundering case. The attachment has been made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. With the latest action, the total value of assets attached by the central agency in the case has now reached approximately ₹1,617.29 crore, making it one of the largest attachments in a real estate-linked money laundering investigation involving homebuyers. According to the ED, the money laundering probe stems from multiple FIRs registered by the Economic Offences Wing (EOW) on complaints filed by homebuyers who accused the developer of failing to complete and hand over residential units despite collecting large sums of money over the years. Also read: DRDO successfully tests indigenous Long Range Land Attack Cruise Missile The agency alleges that Raheja Developers collected nearly ₹2,425.99 crore from around 4,600 homebuyers across several residential and commercial projects. However, investigators claim a substantial portion of these funds was allegedly siphoned off and diverted through a web of related companies, group entities and shell firms instead of being utilised for project construction and completion. The ED’s investigation has reportedly uncovered a complex network of financial transactions allegedly designed to conceal the movement of funds. Officials suspect that proceeds collected from one project were diverted elsewhere, leaving several developments incomplete and causing financial distress to thousands of homebuyers. Also Read: ‘Iran has committed to destroy and dispose of highly enriched material,’ says Vance The latest attachment follows an earlier provisional attachment of assets worth ₹1,113.81 crore in April this year. Those assets included land parcels, commercial properties and other investments allegedly linked to the company, its promoters and associated entities. During search operations conducted as part of the investigation, the ED had also seized jewellery and bullion worth around ₹15.82 crore, foreign currency and several incriminating documents and digital devices. These materials are currently being examined to establish the complete money trail and identify all individuals and entities that may have benefited from the alleged diversion of funds. Also Read: G7 Summit 2026: What would success look like in Évian amid turbulent times? The case has drawn significant attention due to the large number of affected homebuyers and the scale of the alleged financial irregularities. The ED has stated that further investigation is underway to trace additional assets, identify beneficiaries and determine the full extent of the alleged laundering of homebuyers’ funds. With total attachments now crossing ₹1,617 crore, the Raheja Developers case has emerged as one of the country’s biggest probes involving alleged diversion of homebuyers’ money and suspected financial misconduct in the real estate sector.

The money laundering probe stems from multiple FIRs registered by the Economic Offences Wing (EOW) on complaints filed by homebuyers who accused the developer of failing to complete and hand over residential units despite collecting large sums of money over the years.

ED attaches fresh assets worth ₹503 crore in Raheja Developers case; total seizures cross ₹1,617 crore

Actress Jacqueline Fernandez has been charged in the Enforcement Directorate’s ₹200 crore money laundering case linked to alleged conman Sukesh Chandrasekhar. The case stems from a major extortion scandal involving high-value transactions and multiple accused, including Sukesh and Leena Maria Paul. While the legal process continues, Jacqueline has also received partial relief in a related Delhi Police MCOCA matter, where she has not been named as an accused. The case remains under active investigation and continues to draw major public attention due to its high-profile connections.

Jacqueline Fernandez Charged in ₹200 Crore Money Laundering Case Linked to Sukesh Scam

The Enforcement Directorate (ED) arrested Punjab’s industries minister Sanjeev Arora on Saturday in connection with an ongoing Rs 100 crore money laundering probe linked to alleged fraudulent Goods and Services Tax (GST) transactions. ED officials said Arora was arrested under the Prevention of Money Laundering Act (PMLA). The Punjab industries minister was taken into custody hours after the ED conducted raids at five locations across Delhi, Gurugram, and Chandigarh, including his official residence in Chandigarh as well as premises linked to his associates and companies.&nbsp;&nbsp;ED teams reached Arora’s official residence in Chandigarh’s Sector 2 around 7 am and began search operations shortly after 7.25 am. Officials arrived in nearly 20 vehicles, while around three dozen personnel were deployed for security.Apart from Chandigarh, searches were also conducted at two locations in Delhi and at Hampton Sky Realty Ltd in Gurugram’s Udyog Vihar.&nbsp;<h2>‘Generated fake purchase bills for mobile phones’</h2>&nbsp;According to ED, Arora and entities linked to him generated fake purchase bills for mobile phones through non-existent firms operating out of Delhi. These transactions were allegedly used to fraudulently claim input tax credit (ITC), GST refunds, and export-related benefits.&nbsp;The proceeds from the transactions were routed through exports and later “round-tripped” from Dubai to India in an attempt to legitimise illicit funds, says ED.&nbsp;&nbsp;Arora, 62, is MLA from Ludhiana West and a former Rajya Sabha member. His arrest comes less than a year before Punjab is scheduled to go to the polls in February 2027.&nbsp;Reacting to the arrest, AAP leaders linked it to the upcoming elections and accused the BJP-led Centre of pursuing a campaign of political vendetta through central investigative agencies.&nbsp;<h2>AAP leaders slam ED raids, minister’s arrest</h2>&nbsp;“By conducting ED raids, their purpose is not to find any black money or illegal documents. Their purpose is to send a message to the person being raided that if they join the BJP, everything will be forgiven,” Punjab Chief Minister Bhagwat Mann told reporters in Sangrur.&nbsp;&nbsp;AAP national convenor Arvind Kejriwal also attacked the BJP and said the arrest would backfire on the saffron party.“Modi ji, go ahead and conduct four more ED raids—the BJP will lose deposits on all its seats. The leaders you arrest may come out in four days, but the BJP will not be able to set foot in Punjab for the next twenty years,” Kejriwal posted on X.&nbsp;As part of the probe, the agency provisionally attached movable and immovable assets worth Rs 157.12 crore linked to Hampton Sky Realty Ltd, Arora and related entities over alleged bogus sales and exports.&nbsp;Earlier this week, the agency raided Punjab builders, real estate firms, and alleged associates of Punjab AAP president Aman Arora, who dismissed the allegations.&nbsp;&nbsp;<h2>Hampton Sky Realty Ltd. denies ED’s allegations</h2>&nbsp;Hampton Sky Realty Limited refuted the allegations by ED against Arora as “factually untenable”. It said the allegations are based on supplier-side GST issues in which the company itself was the complainant.&nbsp;The firm said in a statement that all its mobile phone exports were genuine, fully verified through customs and banking channels, and denied allegations of money laundering or round-tripping of funds through Dubai.&nbsp;It claimed that it exported over 44,000 branded handsets and accessories, including Apple iPhones, AirPods and Samsung devices and every export shipment underwent physical customs examination, IMEI verification through the ICEGATE system, and cross-checks by manufacturers including Apple Inc. and Samsung Electronics.It also claimed that&nbsp;all export proceeds were received through authorised banking channels and fully paid to domestic suppliers, leaving “no economic basis” for allegations of round-tripping or bogus exports.&nbsp;&nbsp;The GST ‘issues’ related only to a small percentage of suppliers, it said, claiming that it was itself a victim of alleged supplier fraud and had lodged an FIR in Ludhiana in May 2025 against three suppliers.

According to ED, Sanjeev Arora and entities linked to him generated fake purchase bills for mobile phones through non-existent firms operating out of Delhi. These transactions were allegedly used to fraudulently claim input tax credit (ITC), GST refunds, and export-related benefits.

The Enforcement Directorate (ED) arrested Punjab’s industries minister Sanjeev Arora on Saturday in connection with an ongoing Rs 100 crore money laundering probe linked to alleged fraudulent Goods and Services Tax (GST) transactions. ED officials said Arora was arrested under the Prevention of Money Laundering Act (PMLA). The Punjab industries minister was taken into custody hours after the ED conducted raids at five locations across Delhi, Gurugram, and Chandigarh, including his official residence in Chandigarh as well as premises linked to his associates and companies. ED teams reached Arora’s official residence in Chandigarh’s Sector 2 around 7 am and began search operations shortly after 7.25 am. Officials arrived in nearly 20 vehicles, while around three dozen personnel were deployed for security. Apart from Chandigarh, searches were also conducted at two locations in Delhi and at Hampton Sky Realty Ltd in Gurugram’s Udyog Vihar. ‘Generated fake purchase bills for mobile phones’ According to ED, Arora and entities linked to him generated fake purchase bills for mobile phones through non-existent firms operating out of Delhi. These transactions were allegedly used to fraudulently claim input tax credit (ITC), GST refunds, and export-related benefits. The proceeds from the transactions were routed through exports and later “round-tripped” from Dubai to India in an attempt to legitimise illicit funds, says ED. Arora, 62, is MLA from Ludhiana West and a former Rajya Sabha member. His arrest comes less than a year before Punjab is scheduled to go to the polls in February 2027. Reacting to the arrest, AAP leaders linked it to the upcoming elections and accused the BJP-led Centre of pursuing a campaign of political vendetta through central investigative agencies. AAP leaders slam ED raids, minister’s arrest “By conducting ED raids, their purpose is not to find any black money or illegal documents. Their purpose is to send a message to the person being raided that if they join the BJP, everything will be forgiven,” Punjab Chief Minister Bhagwat Mann told reporters in Sangrur. AAP national convenor Arvind Kejriwal also attacked the BJP and said the arrest would backfire on the saffron party. “Modi ji, go ahead and conduct four more ED raids—the BJP will lose deposits on all its seats. The leaders you arrest may come out in four days, but the BJP will not be able to set foot in Punjab for the next twenty years,” Kejriwal posted on X. As part of the probe, the agency provisionally attached movable and immovable assets worth Rs 157.12 crore linked to Hampton Sky Realty Ltd, Arora and related entities over alleged bogus sales and exports. Earlier this week, the agency raided Punjab builders, real estate firms, and alleged associates of Punjab AAP president Aman Arora, who dismissed the allegations. Hampton Sky Realty Ltd. denies ED’s allegations Hampton Sky Realty Limited refuted the allegations by ED against Arora as “factually untenable”. It said the allegations are based on supplier-side GST issues in which the company itself was the complainant. The firm said in a statement that all its mobile phone exports were genuine, fully verified through customs and banking channels, and denied allegations of money laundering or round-tripping of funds through Dubai. It claimed that it exported over 44,000 branded handsets and accessories, including Apple iPhones, AirPods and Samsung devices and every export shipment underwent physical customs examination, IMEI verification through the ICEGATE system, and cross-checks by manufacturers including Apple Inc. and Samsung Electronics. It also claimed that all export proceeds were received through authorised banking channels and fully paid to domestic suppliers, leaving “no economic basis” for allegations of round-tripping or bogus exports. The GST ‘issues’ related only to a small percentage of suppliers, it said, claiming that it was itself a victim of alleged supplier fraud and had lodged an FIR in Ludhiana in May 2025 against three suppliers.

According to ED, Sanjeev Arora and entities linked to him generated fake purchase bills for mobile phones through non-existent firms operating out of Delhi. These transactions were allegedly used to fraudulently claim input tax credit (ITC), GST refunds, and export-related benefits.

ED arrests Punjab minister Sanjeev Arora in Rs 100 crore money laundering probe; AAP slams BJP

Nepalese authorities have launched a money laundering investigation against former Prime Minister Sher Bahadur Deuba and his wife. The probe examines alleged financial irregularities and suspicious transactions linked to the couple. Officials say the investigation aims to ensure accountability and transparency in political and financial dealings.


Nepal: Money Laundering Probe Against Ex-PM Sher Bahadur Deuba & His Wife 

The Directorate of Enforcement (ED), Bengaluru Zonal Office, on Tuesday carried out search operations on the office premises of the accounting firm associated with online gaming company WinZO Pvt. Ltd.


WinZo probe: ED freezes ₹192 crore linked to WinZo in connection with a money laundering case

Germany's Federal Criminal Police Office said on Tuesday it had conducted an internationally coordinated action against alleged fraud and money laundering networks that compromised German payment service providers and racked up damages of hundreds of millions of euros.


Germany police busts online fraud & money laundering networks

Money laundering is not just a crime anymore. It's a financial catastrophe. Quietly bleeding the global economy of an estimated 5.5 trillion dollars annually. Watch this Gravitas special.

$5.5 trillion lost to money laundering every year worldwide

As part of fighting international money laundering crimes, U.S. and Indian authorities coordinated in real time to seize cryptocurrency assets worth USD 150 million linked to drug trafficking, according to just released details. The details emerged from the Financial Action Task Force (FATF), Egmont Group-an international organization of Financial Intelligence Units (FIUs), INTERPOL and the United Nations Office on Drugs and Crime (UNODC) handbook that was released in Paris earlier today. The handbook calls for stronger global collaboration among analysts, investigators, and prosecutors to deal with the issue.&nbsp;&nbsp;The handbook pointed out that in 2022, the US Department of Justice sought assistance from the Indian govt under treaty of mutual legal assistance in criminal matters to investigate a major drug trafficking organization led by 2 people. The organisation was involved in the illicit distribution of drugs including Fentanyl, heroin, and others and operated through encrypted communications and cryptocurrency wallets. The investigation revealed that the brothers controlled over 8500 bitcoins, valued at $150 million and were used for money laundering and to finance drug trafficking activities.&nbsp;&nbsp;In response to the US request, India's ED launched an investigation and obtained key records uncovering transfers through a digital payment services provider exceeding Rs 5.54 crore. The handbook, as seen by WION said, "the case is a strong example of real time, cross border coordination between India, US" and pointed out that US officials travelled to India "to assist directly in the investigation, including during interviews of the accused". &nbsp;Due to the cooperation the people involved were arrested in April 2024 and a prosecution complaint was filed which marked "a major step in dismantling the transnational drug trafficking" network.&nbsp;&nbsp;The handbook also listed Indian examples on how to deal with international cooperation when it comes to dealing with money laundering. It said India's home ministry has established a set of standardised guidelines for international cooperation issued under criminal procedure code and prevention of money laundering act or PMLA. These guidelines provide a clear and structured framework for managing incoming and outgoing MLA -Mutual Legal Assistance requests, "marking a significant step towards standardising India's international cooperation efforts".&nbsp;&nbsp;An online portal has been launched as well by India, that provides a template for making requests to various countries. Examples from the UK, with the UK Central Authority and Argentina, via its electronic form have also been listed.&nbsp;

India, US coordinate real time to seize cryptocurrency assets worth $150 Million

As part of fighting international money laundering crimes, U.S. and Indian authorities coordinated in real time to seize cryptocurrency assets worth USD 150 million linked to drug trafficking, according to just released details. The details emerged from the Financial Action Task Force (FATF), Egmont Group-an international organization of Financial Intelligence Units (FIUs), INTERPOL and the United Nations Office on Drugs and Crime (UNODC) handbook that was released in Paris earlier today. The handbook calls for stronger global collaboration among analysts, investigators, and prosecutors to deal with the issue. The handbook pointed out that in 2022, the US Department of Justice sought assistance from the Indian govt under treaty of mutual legal assistance in criminal matters to investigate a major drug trafficking organization led by 2 people. The organisation was involved in the illicit distribution of drugs including Fentanyl, heroin, and others and operated through encrypted communications and cryptocurrency wallets. The investigation revealed that the brothers controlled over 8500 bitcoins, valued at $150 million and were used for money laundering and to finance drug trafficking activities. In response to the US request, India's ED launched an investigation and obtained key records uncovering transfers through a digital payment services provider exceeding Rs 5.54 crore. The handbook, as seen by WION said, "the case is a strong example of real time, cross border coordination between India, US" and pointed out that US officials travelled to India "to assist directly in the investigation, including during interviews of the accused". Due to the cooperation the people involved were arrested in April 2024 and a prosecution complaint was filed which marked "a major step in dismantling the transnational drug trafficking" network. The handbook also listed Indian examples on how to deal with international cooperation when it comes to dealing with money laundering. It said India's home ministry has established a set of standardised guidelines for international cooperation issued under criminal procedure code and prevention of money laundering act or PMLA. These guidelines provide a clear and structured framework for managing incoming and outgoing MLA -Mutual Legal Assistance requests, "marking a significant step towards standardising India's international cooperation efforts". An online portal has been launched as well by India, that provides a template for making requests to various countries. Examples from the UK, with the UK Central Authority and Argentina, via its electronic form have also been listed.

In response to the US request, India's ED launched an investigation and obtained key records uncovering transfers through a digital payment services provider exceeding Rs 5.54 crore

Vijay Mallya, fugitive and the former Kingfisher Airlines chief, recently made an effort to straighten up his record on an Indian podcaster's show, as he opened up about the exact amount of debt under his name.Mallya, who is accused in a massive fraud and money laundering case, made a rare appearance in a podcast with YouTuber Raj Shamani.He answered many questions about the loan default case and revealed the massive debt he's got under his name.Mallya challenged the Rs 9,000 crore loan amount claims, saying that the debt recovery tribunal's certificate showed a loan amount of nearly Rs 6,203 crore, 35 lakhs, including an interest of 11.5 per cent.The total debt was against four entities, including Kingfisher Airlines, United Breweries, Vijay Mallya and Kingfisher Finvest, Mallya said during the podcast.“I am the one under attack,” Mallya said. While clarifying about the widely reported debt amount of ₹9,000 crore, Mallya said, “I am as perplexed as you are because the banks have never submitted a statement to me, which in itself is very strange."He further claimed that the banks have already recovered Rs 14,000 crore, however, Mallya requested that they provide a statement mentioning the total recovered amount.Mallya denied allegations of theft, saying that he would only come back if assured of a fair trial and a "dignified existence".“I apologise to everyone for the failure of Kingfisher Airlines,” Mallya said. When asked if his legal troubles worsened because he chose not to return to India, he said, “If I have assurance of a fair trial and a dignified existence in India, you may be right, but I don’t.”“Call me a fugitive for not going to India post-March 2016. I didn’t run away, I flew out of India on a prescheduled visit. Fair enough, I did not return for reasons that I consider are valid, so if you want to call me a fugitive, go ahead, but where is the "thief" coming from? Where is the ‘theft’?” he questioned.&nbsp;

Mallya, who is accused in a massive fraud and money laundering case, made a rare appearance in a podcast with YouTuber Raj Shamani.

Vijay Mallya, fugitive and the former Kingfisher Airlines chief, recently made an effort to straighten up his record on an Indian podcaster's show, as he opened up about the exact amount of debt under his name. Mallya, who is accused in a massive fraud and money laundering case, made a rare appearance in a podcast with YouTuber Raj Shamani. He answered many questions about the loan default case and revealed the massive debt he's got under his name. Mallya challenged the Rs 9,000 crore loan amount claims, saying that the debt recovery tribunal's certificate showed a loan amount of nearly Rs 6,203 crore, 35 lakhs, including an interest of 11.5 per cent. The total debt was against four entities, including Kingfisher Airlines, United Breweries, Vijay Mallya and Kingfisher Finvest, Mallya said during the podcast. “I am the one under attack,” Mallya said. While clarifying about the widely reported debt amount of ₹9,000 crore, Mallya said, “I am as perplexed as you are because the banks have never submitted a statement to me, which in itself is very strange." He further claimed that the banks have already recovered Rs 14,000 crore, however, Mallya requested that they provide a statement mentioning the total recovered amount. Mallya denied allegations of theft, saying that he would only come back if assured of a fair trial and a "dignified existence". “I apologise to everyone for the failure of Kingfisher Airlines,” Mallya said. When asked if his legal troubles worsened because he chose not to return to India, he said, “If I have assurance of a fair trial and a dignified existence in India, you may be right, but I don’t.” “Call me a fugitive for not going to India post-March 2016. I didn’t run away, I flew out of India on a prescheduled visit. Fair enough, I did not return for reasons that I consider are valid, so if you want to call me a fugitive, go ahead, but where is the "thief" coming from? Where is the ‘theft’?” he questioned.

Mallya, who is accused in a massive fraud and money laundering case, made a rare appearance in a podcast with YouTuber Raj Shamani.

'Fugitive, not a thief': What's the actual loan Vijay Mallya took? Here's what the businessman revealed

An Indian businessman in Dubai has been sentenced to 5 years in prison and fined ₹1 crore after being found guilty of money laundering. The case, tried in a Dubai court, highlights the UAE’s crackdown on financial crimes involving foreign nationals. Authorities continue to investigate linked transactions as part of a broader anti-corruption effort.

Dubai: Indian businessman jailed 5 years, fined ₹1 crore in money laundering case

Anand Shah, an Indian-origin councilman in the U.S., is among 39 people charged with racketeering, money laundering, and other crimes for allegedly playing a role in an illegal gambling scheme that netted more than $3 million. Shah, 42, a Prospect Park, New Jersey, council member and a local business owner, has been charged along with others for racketeering, gambling offences, money laundering, and other crimes after law enforcement executed search warrants at 12 locations throughout North Jersey earlier this week. He could be sentenced to 20 years in prison.
The accused were allegedly managing illegal poker games and an online sportsbook in association with the Lucchese crime family, New Jersey Attorney General Matthew Platkin said on Friday. Among those charged is also Indian-origin Samir Nadkarni, 48, of Longwood, Florida, a sportsbook sub-agent/poker host.
Also Read | <a href="https://www.wionews.com/india-news/father-son-duo-among-3-killed-in-west-bengal-as-protest-against-new-waqf-law-turns-violent-8955166" rel="dofollow">3 killed in West Bengal as protests against Waqf law turn violent; Calcutta HC orders deployment of central forces</a> After a two-year probe into illegal gambling activities tied to the Lucchese crime family, searches were conducted on April 9 on four poker clubs in Totowa, Garfield, and Woodland Park, including two clubs where backroom poker games were found hidden behind functioning restaurants; a business in Paterson storing gambling machines; and seven residences of individuals alleged to be managing the gambling activities. The investigation uncovered the involvement of dozens of individuals who allegedly hosted poker games and worked at the poker clubs and managed bettors on an illegal online sportsbook. The investigation resulted in the identification of more than $3 million in suspected criminal proceeds.
The officials uncovered that daily operations were handled by managers who would then report to their supervisors, and business fronts helped conceal the illegal gambling proceeds gained through the crimes via multiple shell companies and businesses.
Also Read |&nbsp;<a href="https://www.wionews.com/india-news/ed-initiates-possession-of-over-76mn-assets-in-national-herald-money-laundering-case-8955050" target="_blank" rel="noopener">ED initiates possession of over $76mn assets in National Herald money laundering case</a>
&ldquo;Criminal enterprises like this pose a serious threat to the safety and well-being of our communities, driving illegal gambling, money laundering, and racketeering operations that value profit over people,&rdquo; Superintendent of the New Jersey State Police Colonel Patrick Callahan said.
Each poker club was operated by high-level managers who delegated day-to-day operations to managers who were present during poker games. The online sportsbook was operated by &ldquo;agents&rdquo; who created accounts on sports gambling websites based in foreign countries.
Also read |&nbsp;<a href="https://www.wionews.com/india-news/upi-services-face-third-outage-in-a-month-thousands-of-users-report-difficulties-8954608" rel="dofollow noopener" target="_blank">UPI services face third outage in three weeks, thousands of users report difficulties</a> The high-level management took decisions, settled disputes, and used threats to collect overdue debts. &ldquo;The websites allowed traditional organised crime members and associates to use the internet and current technology to engage in the same criminal acts that traditional organised crime has engaged in since the 19th century,&rdquo; the statement said.

World: The accused were allegedly managing illegal poker games and an online sportsbook in association with the Lucchese crime family, New Jersey Attorney General Matthew Platkin said on Friday.

Anand Shah, an Indian-origin councilman in the U.S., is among 39 people charged with racketeering, money laundering, and other crimes for allegedly playing a role in an illegal gambling scheme that netted more than $3 million. Shah, 42, a Prospect Park, New Jersey, council member and a local business owner, has been charged along with others for racketeering, gambling offences, money laundering, and other crimes after law enforcement executed search warrants at 12 locations throughout North Jersey earlier this week. He could be sentenced to 20 years in prison. The accused were allegedly managing illegal poker games and an online sportsbook in association with the Lucchese crime family, New Jersey Attorney General Matthew Platkin said on Friday. Among those charged is also Indian-origin Samir Nadkarni, 48, of Longwood, Florida, a sportsbook sub-agent/poker host. Also Read | 3 killed in West Bengal as protests against Waqf law turn violent; Calcutta HC orders deployment of central forces After a two-year probe into illegal gambling activities tied to the Lucchese crime family, searches were conducted on April 9 on four poker clubs in Totowa, Garfield, and Woodland Park, including two clubs where backroom poker games were found hidden behind functioning restaurants; a business in Paterson storing gambling machines; and seven residences of individuals alleged to be managing the gambling activities. The investigation uncovered the involvement of dozens of individuals who allegedly hosted poker games and worked at the poker clubs and managed bettors on an illegal online sportsbook. The investigation resulted in the identification of more than $3 million in suspected criminal proceeds. The officials uncovered that daily operations were handled by managers who would then report to their supervisors, and business fronts helped conceal the illegal gambling proceeds gained through the crimes via multiple shell companies and businesses. Also Read | ED initiates possession of over $76mn assets in National Herald money laundering case “Criminal enterprises like this pose a serious threat to the safety and well-being of our communities, driving illegal gambling, money laundering, and racketeering operations that value profit over people,” Superintendent of the New Jersey State Police Colonel Patrick Callahan said. Each poker club was operated by high-level managers who delegated day-to-day operations to managers who were present during poker games. The online sportsbook was operated by “agents” who created accounts on sports gambling websites based in foreign countries. Also read | UPI services face third outage in three weeks, thousands of users report difficulties The high-level management took decisions, settled disputes, and used threats to collect overdue debts. “The websites allowed traditional organised crime members and associates to use the internet and current technology to engage in the same criminal acts that traditional organised crime has engaged in since the 19th century,” the statement said.

Indian-origin US politician Anand Shah charged with gambling offences, mafia links. Who is he?

The Enforcement Directorate (ED) has issued notices to take possession of immovable assets worth Rs 661 crore (over $76 million) in Mumbai, Delhi, and Lucknow, it had attached in the money laundering case against Congress-controlled Associated Journals Limited (AJL) in the National Herald case. ED, India&rsquo;s law enforcement and economic intelligence agency, informed on Saturday that it initiated proceedings to take possession of properties in the money laundering case. On April 11, the probe agency issued notices to property registrars in Delhi, Mumbai, and Lucknow, where the assets of Associated Journals Limited (AJL), acquired by Young Indian Limited (YIL)&mdash;a company beneficially owned by Sonia Gandhi and Rahul Gandhi&mdash;are located, and affixed notices at the Herald House at ITO in Delhi, premises in the Bandra area of Mumbai, and the AJL building at Bisheshwar Nath Road in Lucknow.
Also read |&nbsp;<a href="https://www.wionews.com/india-news/upi-services-face-third-outage-in-a-month-thousands-of-users-report-difficulties-8954608" rel="dofollow noopener" target="_blank">UPI services face third outage in three weeks, thousands of users report difficulties</a>
The case pertains to allegations of financial irregularities and misappropriation of funds in the acquisition of AJL, which once published the National Herald newspaper, by YIL. Former Congress president Sonia Gandhi and leader of the opposition in the Lok Sabha Rahul Gandhi are named as the accused in the case.
The ED said in a press release that investigations revealed the alleged laundering of proceeds of crime amounting to Rs 988 crore, linked to AJL&rsquo;s assets. The proceedings were initiated in compliance with Section 8 of PMLA, 2002 and Rule 5(1) of the Prevention of Money Laundering Rules, 2013, after an Adjudicating Authority on April 10 confirmed the earlier provisional attachment of the properties.
Also Read |&nbsp;<a href="https://www.wionews.com/india-news/jk-three-terrorists-killed-in-kishtwar-encounter-operation-continues-8952824" rel="noopener" target="_blank">J&amp;K: Three terrorists killed in Kishtwar encounter, operation continues</a> In November 2023, the ED had provisionally attached immovable properties in Delhi, Mumbai, and Lucknow, valued at Rs 661 crore, along with AJL shares worth Rs 90.2 crore. A separate notice has been issued to Jindal South West Projects, the current occupant of three floors in Herald House, Mumbai. The company has been directed to deposit all future rent payments directly with the ED. The agency alleges that the assets were illegally acquired and laundered through a complex political-financial nexus involving the Congress leadership.
Also Read | <a href="https://www.wionews.com/world/chinese-soldiers-fighting-for-russia-against-ukraine-warn-of-death-racism-and-endless-contracts-8954687">&lsquo;Don&rsquo;t come, there&rsquo;s nothing good here&rsquo;: Chinese soldiers fighting for Russia warn of death, racism, and endless contracts</a> The ED began its probe in 2021 after a private criminal complaint was filed by Subramanian Swamy before a Delhi court in 2014. The complaint accused Sonia Gandhi, Rahul Gandhi, and other senior Congress leaders of orchestrating a fraudulent takeover of AJL&rsquo;s properties, estimated to be worth over Rs 2,000 crore, through Young Indian for a nominal sum of Rs 50 lakh. Sonia and Rahul are majority shareholders of Young Indian and hold 38 per cent shares each. Both the Delhi High Court and the Supreme Court allowed the investigation to proceed. During the probe, the ED conducted searches and seizures at multiple locations and claimed to have uncovered documents pointing to additional layers of financial irregularities.
Also read |&nbsp;<a href="https://www.wionews.com/world/putin-trump-call-possible-says-kremlin-after-russian-leaders-talks-with-us-envoy-witkoff-on-ukraine-8951898" rel="dofollow noopener" target="_blank">Putin-Trump call &lsquo;possible&rsquo;, says Kremlin after Russian leader&rsquo;s talks with US envoy Witkoff on Ukraine</a> The agency said that the AJL-Young Indian network was used to generate illicit funds of Rs 18 crore through bogus donations, advance rent of Rs 38 crore, and Rs 29 through advertisements. ED officials said the move is aimed at halting the continued use of tainted assets.

India News: In November 2023, the ED had provisionally attached immovable properties in Delhi, Mumbai, and Lucknow, valued at Rs 661 crore, along with AJL shares worth Rs 90.2 crore.

The Enforcement Directorate (ED) has issued notices to take possession of immovable assets worth Rs 661 crore (over $76 million) in Mumbai, Delhi, and Lucknow, it had attached in the money laundering case against Congress-controlled Associated Journals Limited (AJL) in the National Herald case. ED, India’s law enforcement and economic intelligence agency, informed on Saturday that it initiated proceedings to take possession of properties in the money laundering case. On April 11, the probe agency issued notices to property registrars in Delhi, Mumbai, and Lucknow, where the assets of Associated Journals Limited (AJL), acquired by Young Indian Limited (YIL)—a company beneficially owned by Sonia Gandhi and Rahul Gandhi—are located, and affixed notices at the Herald House at ITO in Delhi, premises in the Bandra area of Mumbai, and the AJL building at Bisheshwar Nath Road in Lucknow. Also read | UPI services face third outage in three weeks, thousands of users report difficulties The case pertains to allegations of financial irregularities and misappropriation of funds in the acquisition of AJL, which once published the National Herald newspaper, by YIL. Former Congress president Sonia Gandhi and leader of the opposition in the Lok Sabha Rahul Gandhi are named as the accused in the case. The ED said in a press release that investigations revealed the alleged laundering of proceeds of crime amounting to Rs 988 crore, linked to AJL’s assets. The proceedings were initiated in compliance with Section 8 of PMLA, 2002 and Rule 5(1) of the Prevention of Money Laundering Rules, 2013, after an Adjudicating Authority on April 10 confirmed the earlier provisional attachment of the properties. Also Read | J&K: Three terrorists killed in Kishtwar encounter, operation continues In November 2023, the ED had provisionally attached immovable properties in Delhi, Mumbai, and Lucknow, valued at Rs 661 crore, along with AJL shares worth Rs 90.2 crore. A separate notice has been issued to Jindal South West Projects, the current occupant of three floors in Herald House, Mumbai. The company has been directed to deposit all future rent payments directly with the ED. The agency alleges that the assets were illegally acquired and laundered through a complex political-financial nexus involving the Congress leadership. Also Read | ‘Don’t come, there’s nothing good here’: Chinese soldiers fighting for Russia warn of death, racism, and endless contracts The ED began its probe in 2021 after a private criminal complaint was filed by Subramanian Swamy before a Delhi court in 2014. The complaint accused Sonia Gandhi, Rahul Gandhi, and other senior Congress leaders of orchestrating a fraudulent takeover of AJL’s properties, estimated to be worth over Rs 2,000 crore, through Young Indian for a nominal sum of Rs 50 lakh. Sonia and Rahul are majority shareholders of Young Indian and hold 38 per cent shares each. Both the Delhi High Court and the Supreme Court allowed the investigation to proceed. During the probe, the ED conducted searches and seizures at multiple locations and claimed to have uncovered documents pointing to additional layers of financial irregularities. Also read | Putin-Trump call ‘possible’, says Kremlin after Russian leader’s talks with US envoy Witkoff on Ukraine The agency said that the AJL-Young Indian network was used to generate illicit funds of Rs 18 crore through bogus donations, advance rent of Rs 38 crore, and Rs 29 through advertisements. ED officials said the move is aimed at halting the continued use of tainted assets.

ED initiates possession of over $76mn assets in National Herald money laundering case

French investigators had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

Binance under fire in France for AML violations

The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.

An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said.

The accused in the ED case are the same as those mentioned in the ACB FIR, they said.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/be-mindful-of-your-comments-india-slams-bangladesh-over-yunus-aides-social-media-post-785675">Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post</a>

BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one&nbsp;followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two&nbsp;and three in the ACB complaint.

This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case. 
Kavitha is now out on bail and the case is before the court.

The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year.

He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/delhi-police-crime-branch-takes-over-case-against-rahul-gandhi-785681">Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi</a>

"The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case.

Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event.

Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad.

Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023.

In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case.

High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB.

Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.

The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said. An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said. The accused in the ED case are the same as those mentioned in the ACB FIR, they said. Also read | Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint. This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case. Kavitha is now out on bail and the case is before the court. The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year. He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account. Also read | Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi "The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case. Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event. Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad. Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023. In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case. High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB. Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

India: BRS leader K T Rama Rao named in ED case over alleged Formula-E race corruption

Hyderabad, India
The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said.
An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said.
The accused in the ED case are the same as those mentioned in the ACB FIR, they said.
Also read | <a href="https://www.wionews.com/india-news/be-mindful-of-your-comments-india-slams-bangladesh-over-yunus-aides-social-media-post-785675">Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post</a>
BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint.
This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case.
Kavitha is now out on bail and the case is before the court.
The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year.
He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account.
Also read | <a href="https://www.wionews.com/india-news/delhi-police-crime-branch-takes-over-case-against-rahul-gandhi-785681">Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi</a>
"The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case.
Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event.
Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad.
Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023.
In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case.
High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB.
Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao.
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint



Hyderabad, India The Enforcement Directorate on Friday filed a money laundering case against BRS leader K T Rama Rao and some others in a case linked to alleged payment irregularities during the Formula-E race held in Hyderabad in February 2023, official sources said. An Enforcement Case Information Report (ECIR) has been registered under various sections of the Prevention of Money Laundering Act taking cognisance of a Telangana Police Anti-corruption bureau (ACB) FIR filed on Thursday, the sources said. The accused in the ED case are the same as those mentioned in the ACB FIR, they said. Also read | Be mindful of your comments: India slams Bangladesh over Yunus aide's social media post BRS leader and party working President K T Rama Rao, the son of former Telangana chief minister K Chandrashekhar Rao, has been named as accused number one followed by senior IAS officer Arvind Kumar and retired bureaucrat BLN Reddy as accused number two and three in the ACB complaint. This is the second money laundering case against the family of BRS chief Chandrashekhar Rao as his daughter K Kavitha was questioned and later arrested by the ED in the Delhi excise policy case. Kavitha is now out on bail and the case is before the court. The probe against 48-year-old Rama Rao, popularly known as KTR, pertains to alleged payments of about Rs 55 crore, some of it in foreign currency without approvals, to conduct a Formula-E race in Hyderabad during the previous regime in February last year. He had denied any wrongdoing, saying, "Where is the corruption in this? We have paid Rs 55 crore. They (Formula-E) acknowledged the payment." He added that it was a "straightforward" account. Also read | Parliament scuffle: Delhi Police Crime Branch takes over case against Rahul Gandhi "The HMDA (Hyderabad Metropolitan Development Authority) has an account in the Indian Overseas Bank and money has been transferred from that account..." KTR had said reacting to the ACB case. Telangana Chief Minister A Revanth Reddy also attacked Rama Rao for these alleged irregularities, saying about Rs 500 crore was saved with the state government under him deciding against further transfer of funds to the organisers of the racing event. Rama Rao, who was the Municipal Administration minister during the BRS regime, was instrumental in hosting the race last year in Hyderabad. Though the race was supposed to be held in February this year as well, it was cancelled after the Congress government assumed office in December 2023. In a linked development, the Telangana High Court on Friday directed the ACB officials not to arrest Rama Rao till December 30 as part of their investigation into the case. High Court judge Justice Natcharaju Shravan Kumar Venkat was hearing a Lunch Motion petition moved by Rama Rao seeking to quash the FIR filed against him by the ACB. Governor Jishnu Dev Varma had recently granted permission to the ACB to register the case against Rama Rao. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Hong Kong has become a hub for financial crimes, including money laundering, sanctions evasion, and the reported transfer of banned technology to Russia, the US lawmakers warned and called for a re-evaluation of America's close business ties with Hong Kong.&nbsp;

The bipartisan leaders of the House Select Committee on China on Monday, in a letter to US Treasury Secretary Janet Yellen, demanded greater scrutiny from Washington of Hong Kong's much-prized financial sector.

It further said that Hong Kong had become a "global leader" in illicit practices, including in the export of controlled Western technology to Russia, creating front companies to buy Iranian oil, and managing "ghost ships" that engage in illegal trade with North Korea.&nbsp;

<a href="https://www.wionews.com/world/customs-and-excise-department-in-hong-kong-to-study-ai-use-to-tackle-digital-crimes-745692">Also read:&nbsp;Customs and Excise Department in Hong Kong to study AI use to tackle digital crimes</a>

It further cited "recent research" estimating that "nearly 40 per cent of goods shipped from Hong Kong to Russia in 2023" were on US and EU lists of banned goods. These goods included semiconductors and other technology Russia needed for its war in Ukraine.&nbsp;

The lawmakers asked the Treasury Department officials to brief the committee on “the current status of American banking relationships with Hong Kong banks, how our policies have shifted to account for the changes in Hong Kong’s status and posture, and the measures the Treasury plans to implement to address these risks.”

Watch |&nbsp;Hong Kong Sentences 45 Activists Under National Security Law

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They noted that since China imposed a national security law on the city in 2020, "Hong Kong has shifted from a trusted global financial centre to a critical player in the deepening authoritarian axis of the People’s Republic of China, Iran, Russia, and North Korea."&nbsp;

“We must now question whether longstanding US policy towards Hong Kong, particularly towards its financial and banking sector, is appropriate,” they added.&nbsp;

Earlier in September, the US State Department warned about "new and heightened risks" for businesses operating in Hong Kong because of Article 23.&nbsp;

(With inputs from agencies)

Hong Kong has become a hub for financial crimes, including money laundering, sanctions evasion, and the reported transfer of banned technology to Russia, the US lawmakers warned and called for a re-evaluation of America's close business ties with Hong Kong.

Hong Kong has become a hub for financial crimes, including money laundering, sanctions evasion, and the reported transfer of banned technology to Russia, the US lawmakers warned and called for a re-evaluation of America's close business ties with Hong Kong. The bipartisan leaders of the House Select Committee on China on Monday, in a letter to US Treasury Secretary Janet Yellen, demanded greater scrutiny from Washington of Hong Kong's much-prized financial sector. It further said that Hong Kong had become a "global leader" in illicit practices, including in the export of controlled Western technology to Russia, creating front companies to buy Iranian oil, and managing "ghost ships" that engage in illegal trade with North Korea. Also read: Customs and Excise Department in Hong Kong to study AI use to tackle digital crimes It further cited "recent research" estimating that "nearly 40 per cent of goods shipped from Hong Kong to Russia in 2023" were on US and EU lists of banned goods. These goods included semiconductors and other technology Russia needed for its war in Ukraine. The lawmakers asked the Treasury Department officials to brief the committee on “the current status of American banking relationships with Hong Kong banks, how our policies have shifted to account for the changes in Hong Kong’s status and posture, and the measures the Treasury plans to implement to address these risks.” Watch | Hong Kong Sentences 45 Activists Under National Security Law × They noted that since China imposed a national security law on the city in 2020, "Hong Kong has shifted from a trusted global financial centre to a critical player in the deepening authoritarian axis of the People’s Republic of China, Iran, Russia, and North Korea." “We must now question whether longstanding US policy towards Hong Kong, particularly towards its financial and banking sector, is appropriate,” they added. Earlier in September, the US State Department warned about "new and heightened risks" for businesses operating in Hong Kong because of Article 23. (With inputs from agencies)

Hong Kong becoming hub for financial crimes, US lawmakers ask for more scrutiny of banks

A Delhi court on Friday granted bail to AAP leader and former Delhi cabinet minister Satyendar Jain in a money laundering case, citing "delay in trial" and his "long incarceration".

Jain was arrested by the Enforcement Directorate (ED) on May 30, 2022, on the charge of laundering money through four companies allegedly linked to him. He is currently in judicial custody.

"Considering the delay in trial and long incarceration of 18 months, and the fact that trial will take long to start, let alone conclude, the accused is favourably suited for the relief," said Special Judge Vishal Gogne.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/indian-pm-modi-to-visit-russia-from-oct-22-23-to-attend-brics-summit-in-kazan-768676">Indian PM Modi to visit Russia from October 22-23 to attend BRICS summit in Kazan</a>

The judge granted the relief on a bail bond of Rs 50,000 ($594.71)&nbsp;with two sureties of like amount. The ED case stems from an FIR lodged against Jain by the Central Bureau of Investigation in 2017 under the Prevention of Corruption Act.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

A Delhi court on Friday granted bail to AAP leader and former Delhi cabinet minister Satyendar Jain in a money laundering case, citing "delay in trial" and his "long incarceration".

A Delhi court on Friday granted bail to AAP leader and former Delhi cabinet minister Satyendar Jain in a money laundering case, citing "delay in trial" and his "long incarceration". Jain was arrested by the Enforcement Directorate (ED) on May 30, 2022, on the charge of laundering money through four companies allegedly linked to him. He is currently in judicial custody. "Considering the delay in trial and long incarceration of 18 months, and the fact that trial will take long to start, let alone conclude, the accused is favourably suited for the relief," said Special Judge Vishal Gogne. Also Read | Indian PM Modi to visit Russia from October 22-23 to attend BRICS summit in Kazan The judge granted the relief on a bail bond of Rs 50,000 ($594.71) with two sureties of like amount. The ED case stems from an FIR lodged against Jain by the Central Bureau of Investigation in 2017 under the Prevention of Corruption Act. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

AAP leader Satyendar Jain gets bail by Delhi court in money laundering case

Former Indian cricket captain and Congress leader Mohammad Azharuddin on Thursday failed to depose before the ED in a money laundering case linked to alleged financial irregularities in the Hyderabad Cricket Association.

Mohammad Azharuddin Skips ED Summons in Money-laundering Case

New Zealand is all set to extradite Kim Dotcom to the United States following approval by the justice minister on Thursday.&nbsp;

Kim Dotcom was born in Germany, but he has New Zealand residency. Kim has been fighting his extradition to the United States since 2012 for 12 years. He is facing charges connected to his file-sharing site Megaupload, which was put down by the US government authorities in the same year.&nbsp;

The Justice Minister of New Zealand, Paul Goldsmith, signed an extradition order for Kim Dotcom, paving the way for his deportation. According to the government statement on Thursday, Goldsmith said, “I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial.” 
 
He added, “As is common practice, I have allowed Mr Dotcom a short period of time to consider and take advice on my decision. I will not, therefore, be commenting further at this stage.”

Also Read|<a href="https://www.wionews.com/world/thailands-pheu-thai-party-chooses-paetongtarn-shinawatra-as-pm-candidate-750429">Thailand's Pheu Thai party chooses Paetongtarn Shinawatra as PM candidate</a>|

However, on Thursday, Kim Dotcom took to X (previously Twitter), and wrote: “I love New Zealand. I’m not leaving.”

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I love New Zealand. I’m not leaving 😘
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Kim Dotcom is the founder of Megaupload, a website that allows millions of users to store their files in an online locker and share them with others. Shortly after his website was put down, he was arrested by the New Zealand Police who arrived at his luxury mansion in Auckland with two marked helicopters and had to force their way to the secured room he was in.&nbsp;

Along with three co-accused, Dotcom was charged by a US grand jury on several charges including wire fraud, conspiracy to infringe copyright, conspiracy to commit racketeering, and money laundering. The US authorities have charged the four accused men of profiting from copyright infringement through their website.&nbsp;

The four accused men, including Kim Dotcom, have been denying the accusations and have been fighting against extradition to the US, arguing their website Megaupload was just a simple file-sharing website. They shouldn't be blamed for the content or files uploaded by the users.&nbsp;

Three New Zealand courts ruled against them and rejected their arguments and claims that they could not be extradited on the charge of profiting from copyright infringement because the crime did not occur in the country. The final decision on the extradition of Kim Dotcom rested with the Justice Minister.&nbsp;

(With inputs from agencies)&nbsp; 
&nbsp;

New Zealand is all set to extradite Kim Dotcom to the United States following approval by the justice minister on Thursday. Kim Dotcom was born in Germany, but he has New Zealand residency.

New Zealand is all set to extradite Kim Dotcom to the United States following approval by the justice minister on Thursday. Kim Dotcom was born in Germany, but he has New Zealand residency. Kim has been fighting his extradition to the United States since 2012 for 12 years. He is facing charges connected to his file-sharing site Megaupload, which was put down by the US government authorities in the same year. The Justice Minister of New Zealand, Paul Goldsmith, signed an extradition order for Kim Dotcom, paving the way for his deportation. According to the government statement on Thursday, Goldsmith said, “I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial.” He added, “As is common practice, I have allowed Mr Dotcom a short period of time to consider and take advice on my decision. I will not, therefore, be commenting further at this stage.” Also Read|Thailand's Pheu Thai party chooses Paetongtarn Shinawatra as PM candidate| However, on Thursday, Kim Dotcom took to X (previously Twitter), and wrote: “I love New Zealand. I’m not leaving.” I love New Zealand. I’m not leaving 😘 — Kim Dotcom (@KimDotcom) August 15, 2024 × Kim Dotcom is the founder of Megaupload, a website that allows millions of users to store their files in an online locker and share them with others. Shortly after his website was put down, he was arrested by the New Zealand Police who arrived at his luxury mansion in Auckland with two marked helicopters and had to force their way to the secured room he was in. Along with three co-accused, Dotcom was charged by a US grand jury on several charges including wire fraud, conspiracy to infringe copyright, conspiracy to commit racketeering, and money laundering. The US authorities have charged the four accused men of profiting from copyright infringement through their website. The four accused men, including Kim Dotcom, have been denying the accusations and have been fighting against extradition to the US, arguing their website Megaupload was just a simple file-sharing website. They shouldn't be blamed for the content or files uploaded by the users. Three New Zealand courts ruled against them and rejected their arguments and claims that they could not be extradited on the charge of profiting from copyright infringement because the crime did not occur in the country. The final decision on the extradition of Kim Dotcom rested with the Justice Minister. (With inputs from agencies)

Who is Kim Dotcom? New Zealand to extradite him to the United States

Two former bank employees, both Chinese nationals, were charged in Singapore on Thursday in connection with the city-state's biggest money laundering case, police said.

Two former bank employees, both Chinese nationals, were charged in Singapore on Thursday in connection with the city-state's biggest money laundering case, police said. Assets worth more than Sg$3.0 billion ($2.3 billion) -- including upmarket properties, luxury cars and gold bars -- were seized in massive police operations that began in August last year. Ten foreigners were arrested -- members of a group suspected of laundering proceeds of overseas criminal activity including scams and online gambling. They were subsequently convicted and deported after serving jail terms. They all hail from China, but most hold passports from Cambodia, Turkey, Cyprus and Vanuatu. Also read: Belgian woman allegedly raped for 5 days in Islamabad, police arrest suspect; investigation underway On Thursday, two former bankers suspected of helping those convicted were charged at a district court. Liu Kai, 35, formerly with Bank Julius Baer & Co, was accused of helping one of those convicted to submit a forged Chinese tax document to open an account in Switzerland, according to the charge sheet. Wang Qiming, 26, a former employee of Citibank Singapore Ltd, 26, was slapped with 10 charges, including forging documents to cheat the bank and laundering funds belonging to one of the convicted. Liew Yik Kit, 41, a Singaporean who served as a personal driver of a suspect who absconded, was also charged Thursday -- with lying to the police and obstructing justice. Also read: Musk sacked Twitter employee for failing to click 'yes', now gives him a payout of... "We take a very serious view of the laundering of criminal proceeds through our financial system," David Chew, director of the Singapore police's Commercial Affairs Department, a white-collar crime investigation agency. "Those who help clients circumvent their financial institutions’ due diligence processes or who help clients forge documents to conceal the true nature of their assets, must be dealt with robustly under our laws," he said in a statement. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION audience.

Ex-bankers charged in Singapore’s largest $2.3 billion money laundering case

A fugitive Brazilian drug lord, Ronald Roland, who had been&nbsp;evading the law for two years, was arrested by the police after&nbsp;Instagram posts by his wife, Andrezza De Lima, accidentally gave clues about his location to the police.

The authorities have been monitoring De Lima's social media activity in a bid to track her husband's whereabouts. The police were able to track the couple through the pictures shared by her on Instagram which contained geo-tagged locations and recognisable landmarks.

De Lima owned a bikini shop and shared pictures and videos frequently on social media. She posted about her luxurious trips to various iconic destinations including Dubai, Paris, Maldives, and Colombia. Last week, she posted a picture that had a particular landmark, through which the police could identify their exact location.

Also Read |&nbsp;<a href="https://www.wionews.com/world/startup-founder-chris-kirchner-sentenced-to-20-years-in-prison-for-misappropriating-funds-740162">Startup founder Chris Kirchner sentenced to 20 years in prison for misappropriation of funds</a>

According to the authorities, Roland was apprehended last Tuesday from his condominium in Guaruja, a coastal town in Brazil. He is&nbsp;suspected of being involved in a money laundering scheme and supplying drugs to Mexican cartels. The drug lord bundled up 860.2 million pounds in five years and shuffled the amount through over 100 shell firms and businesses.

De Lima was also involved in criminal activities with her husband and used her bikini shop as a front to launder money and receive payments which exceeded 30,000 dollars in a day.

After his arrest, Roland is facing multiple charges related to organised crime, drug trafficking, and evading arrest.

Also Read |&nbsp;<a href="https://www.wionews.com/world/uk-crossbow-attack-man-suspected-of-killing-3-women-formally-arrested-740254">UK crossbow attack: Man suspected of killing 3 women formally arrested</a>

This incident was not for the first time for Roland. He had been previously arrested in 2019 when his ex-wife had revealed his whereabouts by tagging the location in a social media post.

According to reports, Roland has been tailed by the police since the time he worked as an airline pilot in 2012. The US Drug Enforcement Administration (DEA) warned the Federal Police of Brazil about a group of Brazilian pilots being involved in smuggling of cocaine, in a letter. Since then, Roland has been a person of interest in the Brazilian police investigations related to drug trafficking networks.

(With inputs from agencies)

A fugitive Brazilian drug lord, Ronald Roland, who had been evading the law for two years, was arrested by the police after Instagram posts by his wife, Andrezza De Lima, accidentally gave clues about his location to the police.

A fugitive Brazilian drug lord, Ronald Roland, who had been evading the law for two years, was arrested by the police after Instagram posts by his wife, Andrezza De Lima, accidentally gave clues about his location to the police. The authorities have been monitoring De Lima's social media activity in a bid to track her husband's whereabouts. The police were able to track the couple through the pictures shared by her on Instagram which contained geo-tagged locations and recognisable landmarks. De Lima owned a bikini shop and shared pictures and videos frequently on social media. She posted about her luxurious trips to various iconic destinations including Dubai, Paris, Maldives, and Colombia. Last week, she posted a picture that had a particular landmark, through which the police could identify their exact location. Also Read | Startup founder Chris Kirchner sentenced to 20 years in prison for misappropriation of funds According to the authorities, Roland was apprehended last Tuesday from his condominium in Guaruja, a coastal town in Brazil. He is suspected of being involved in a money laundering scheme and supplying drugs to Mexican cartels. The drug lord bundled up 860.2 million pounds in five years and shuffled the amount through over 100 shell firms and businesses. De Lima was also involved in criminal activities with her husband and used her bikini shop as a front to launder money and receive payments which exceeded 30,000 dollars in a day. After his arrest, Roland is facing multiple charges related to organised crime, drug trafficking, and evading arrest. Also Read | UK crossbow attack: Man suspected of killing 3 women formally arrested This incident was not for the first time for Roland. He had been previously arrested in 2019 when his ex-wife had revealed his whereabouts by tagging the location in a social media post. According to reports, Roland has been tailed by the police since the time he worked as an airline pilot in 2012. The US Drug Enforcement Administration (DEA) warned the Federal Police of Brazil about a group of Brazilian pilots being involved in smuggling of cocaine, in a letter. Since then, Roland has been a person of interest in the Brazilian police investigations related to drug trafficking networks. (With inputs from agencies)

Wife’s social media post gets Brazilian drug lord arrested

Startup founder, Chris Kirchner was sentenced to 20 years in federal prison on Thursday (Jul 11) after being convicted of money laundering, defrauding investors, and wire fraud. He allegedly used his funders' money amounting to $25 million for personal use.&nbsp;

The former CEO and founder of Slync, a supply chain tech startup, Kirchner, raised over $50 million from leading investors including Goldman Sachs from 2018 to 2021. He will be serving his prison time in Dallas, Fort Worth and has been ordered to pay about $65 million in restitution by the court.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/business-economy/is-td-banks-compliance-overhaul-enough-to-dodge-money-laundering-probes-738432">Is TD Bank's compliance overhaul enough to dodge money laundering probes?</a>

Kirchner was terminated from his position as CEO by the board of directors in 2022. He was initially charged with misappropriating more than $20 million of the company funds in February 2023 and was raided by the FBI at his residence in West Lake, Texas.&nbsp;

Over two years, Kirchner also raised over $71 million fraudulently from various investors through false representations of his business finances and revenue. The evidence suggests he also misappropriated over $25 million of funds from investors.

According to the US Attorney's office in the Northern District of Texas, he wired $20 million directly&nbsp;to his personal account and used the company's funds for himself through multiple accounts in 100 different transactions.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/man-takes-200-flights-in-110-days-to-steal-jewellery-worth-from-passengers-721280">Man takes 200 flights in 110 days to steal jewellery worth millions from passengers</a>

“Even as his company was circling the drain, Chris Kirchner was spending millions of his investors’ money on himself. Apparently, projecting personal prosperity was more important to him than making payroll,” said US Attorney Leigha Simonton. “His duplicity earned him 20 years in prison. We are proud to hold him accountable for his crimes and are committed to pursuing all businesspeople engaged in criminal conduct.”

Slync initially attracted attention in 2022 by indulging in pricey sports sponsorships which is unusual for a startup. According to Business Insider, a staff revealed they hadn't received their paycheck for weeks, the same year in June.

(With inputs from agencies)

Startup founder, Chris Kirchner was sentenced to 20 years in federal prison on Thursday (Jul 11) after being convicted of money laundering, defrauding investors, and wire fraud.

Startup founder, Chris Kirchner was sentenced to 20 years in federal prison on Thursday (Jul 11) after being convicted of money laundering, defrauding investors, and wire fraud. He allegedly used his funders' money amounting to $25 million for personal use. The former CEO and founder of Slync, a supply chain tech startup, Kirchner, raised over $50 million from leading investors including Goldman Sachs from 2018 to 2021. He will be serving his prison time in Dallas, Fort Worth and has been ordered to pay about $65 million in restitution by the court. Also Read | Is TD Bank's compliance overhaul enough to dodge money laundering probes? Kirchner was terminated from his position as CEO by the board of directors in 2022. He was initially charged with misappropriating more than $20 million of the company funds in February 2023 and was raided by the FBI at his residence in West Lake, Texas. Over two years, Kirchner also raised over $71 million fraudulently from various investors through false representations of his business finances and revenue. The evidence suggests he also misappropriated over $25 million of funds from investors. According to the US Attorney's office in the Northern District of Texas, he wired $20 million directly to his personal account and used the company's funds for himself through multiple accounts in 100 different transactions. Also Read | Man takes 200 flights in 110 days to steal jewellery worth millions from passengers “Even as his company was circling the drain, Chris Kirchner was spending millions of his investors’ money on himself. Apparently, projecting personal prosperity was more important to him than making payroll,” said US Attorney Leigha Simonton. “His duplicity earned him 20 years in prison. We are proud to hold him accountable for his crimes and are committed to pursuing all businesspeople engaged in criminal conduct.” Slync initially attracted attention in 2022 by indulging in pricey sports sponsorships which is unusual for a startup. According to Business Insider, a staff revealed they hadn't received their paycheck for weeks, the same year in June. (With inputs from agencies)

Startup founder Chris Kirchner sentenced to 20 years in prison for misappropriation of funds

The Enforcement Directorate (ED) summoned Bollywood actress Jacqueline Fernandez on Wednesday, 10 July for another round of questioning related to the money laundering case involving alleged conman Sukesh Chandrashekhar. This is the sixth time that Jacqueline has been summoned by the ED for questioning in the case.&nbsp;

In the past, she has denied knowledge of Chandrashekhar's alleged criminal activities and claims&nbsp;innocence. She also appeared before a Delhi court and alleged that Chandrashekhar played with her emotions and made her “life hell”.

The Allegations 
 
The 38-year-old Sri Lankan-origin Bollywood actress's name cropped up in an alleged cheating case that involves high-profile people, including former Fortis Healthcare promoter Shivinder Mohan Singh's wife Aditi Singh, to the tune of about ₹200 crore.&nbsp; 
 
The ED claimed that Chandrashekhar used these "proceeds of crime" or illegal money to purchase gifts for Jacqueline. Sukesh Chandrashekhar was reportedly romantically involved with Jacqueline around the same time and had given her expensive gifts. Photos of their romantic getaways too were widely shared on social media.&nbsp;

The ED chargesheet filed in 2022 claimed the actress enjoyed “valuables, jewellery and costly gifts provided by Chandrashekhar despite knowing about his criminal antecedents.” 
 
The ED chargesheet also listed the expensive gifts, such as a Persian cat and Arabian horse, the actor received from the conman over the years.

Travel Ban for Jacqueline Fernandez 
 
Since the case came to light, the actress has been barred from travelling outside the country.&nbsp;There is an active Look Out Circular against her, which led to her brief detention at Mumbai International Airport in 2021.

The Enforcement Directorate (ED) summoned Bollywood actress Jacqueline Fernandez on Wednesday, 10 July for another round of questioning related to the money laundering case involving alleged conman Sukesh Chandrashekhar.

The Enforcement Directorate (ED) summoned Bollywood actress Jacqueline Fernandez on Wednesday, 10 July for another round of questioning related to the money laundering case involving alleged conman Sukesh Chandrashekhar. This is the sixth time that Jacqueline has been summoned by the ED for questioning in the case. In the past, she has denied knowledge of Chandrashekhar's alleged criminal activities and claims innocence. She also appeared before a Delhi court and alleged that Chandrashekhar played with her emotions and made her “life hell”. The Allegations The 38-year-old Sri Lankan-origin Bollywood actress's name cropped up in an alleged cheating case that involves high-profile people, including former Fortis Healthcare promoter Shivinder Mohan Singh's wife Aditi Singh, to the tune of about ₹200 crore. The ED claimed that Chandrashekhar used these "proceeds of crime" or illegal money to purchase gifts for Jacqueline. Sukesh Chandrashekhar was reportedly romantically involved with Jacqueline around the same time and had given her expensive gifts. Photos of their romantic getaways too were widely shared on social media. The ED chargesheet filed in 2022 claimed the actress enjoyed “valuables, jewellery and costly gifts provided by Chandrashekhar despite knowing about his criminal antecedents.” The ED chargesheet also listed the expensive gifts, such as a Persian cat and Arabian horse, the actor received from the conman over the years. Travel Ban for Jacqueline Fernandez Since the case came to light, the actress has been barred from travelling outside the country. There is an active Look Out Circular against her, which led to her brief detention at Mumbai International Airport in 2021.

Jacqueline Fernandez summoned by ED over money laundering case involving Sukesh Chandrashekhar

It is alleged that former Brazillian president Jair Bolsonaro may be associated with a criminal group that has tried to sell luxury gifts worth $ 1.2m illegally.

It is alleged that former Brazillian president Jair Bolsonaro may be associated with a criminal group that has tried to sell luxury gifts worth $ 1.2m illegally. The federal police had accused Jair Bolsonaro of embezzlement, money laundering and connection with other criminal activities. If Bolsonaro is found guilty, he would have to face a sentence of 25 years. The Brazilian media is calling the scandal 'O Caso das Joias', which translates to Jewellery-gate in English. Also read | Meet Kenza Layli, world's first Miss AI: Moroccan AI influencer beats 1500 contestants to win maiden title Investigators claim that Bolsonaro was involved in the embezzlement of expensive gifts received by foreign delegations during his tenure. It is alleged that the amount obtained by selling these gifts illegally was converted into cash into the ex-president's patrimony by avoiding the formal banking system so that the money could not be traced back to him. The supreme court judge authorised the investigation against Brazil's ex-president, Jair Bolsonaro, on Monday (July 8). Bolsonaro's alleged ties with a criminal group came into the limelight after he was defeated during the 2022 elections against Luiz Inácio Lula da Silva. Watch | Russia-Ukraine War: Alleged Russian strike targets Kyiv hospital As per the police report, quite a few expensive gifts were misappropriated. The gifts sold illegally include a special edition Rolex Watch worth about $ 74,000, a pair of earrings valued at more than $126,000 and a Chopard rollerball pen worth $ 20,000. The rightist politician had spent a considerable amount of time building his image as a law-abiding citizen despite always being allegedly linked to corruption. The evidence collected by the police has proved his link to criminal activities. Also read | Hurricane Beryl batters Texas: Three dead, 1,300 flights cancelled, 2.7 million homes without power Investigators suspect that Bolsonaro used the money from embezzlement of luxury gifts to fund his activities in the US post his four-year presidency in Brazil. Bolsonarao said that he was happy to subject himself to a live, two-hour grilling session 'about anything' by the media at a conference in Brazil held over the weekend. However, the rightist leader is yet to comment on his current allegations and his alleged connections in instigating a rebellion in Brasília back in January 2023. (With inputs from agencies)

Ex-president of Brazil, Jair Bolsonaro allegedly involved in embezzlement of jewellery, reports suggest

Brazil's former President Jair Bolsonaro has reportedly been indicted by the Brazilian Federal Police. He's reportedly been indicted for money laundering and criminal association connection with undeclared diamonds that he recieved from Saudi Arabia during his time in office.

Gravitas: Brazil ex-President reportedly indicted in undeclared diamonds case, faces 2nd indictment

The Brazilian Police on Thursday (July 4) accused former president Jair Bolsonaro of embezzlement for allegedly misappropriating jewellery he received while head of state, including luxury items given by the Kingdom of Saudi Arabia (KSA).

Brazil: Jair Bolsonaro indicted for money laundering: Report | Bolsonaro faces second indictment

Brazilian police accuse ex-president Jair Bolsonaro of money laundering

The Enforcement Directorate (ED)&nbsp;arrested Jharkhand cabinet minister and Congress leader Alamgir Alam in connection with a money laundering case on Wednesday (May 15).&nbsp;This arrest follows his&nbsp;nine-hour interrogation&nbsp;by the central probe agency at its zonal headquarters in Ranchi.

On May 6, the ED&nbsp;conducted a raid on the apartment of one Jahangir Alam, who serves as the house help for Alamgir Alam’s personal secretary, Sanjeev Lal, and seized over Rs 37 crore ($4.5mn)&nbsp;in cash. Subsequently, both Alam and Lal were arrested after the raid.

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VIDEO | Visuals from outside Enforcement Directorate (ED) office in Ranchi, Jharkhand. 
 
Earlier today, Jharkhand Minister and Congress leader Alamgir Alam was arrested by the ED in connection with a money laundering case. <a href="https://t.co/Nj72AwhUuq">pic.twitter.com/Nj72AwhUuq</a>
— Press Trust of India (@PTI_News) <a href="https://twitter.com/PTI_News/status/1790741854171890175?ref_src=twsrc%5Etfw">May 15, 2024</a></blockquote>
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<h2>Connection to ongoing money laundering probe</h2>

The raids were part of an ongoing investigation into a money laundering case involving Virendra K Ram, the former chief engineer of the Jharkhand Rural Development Department, who was arrested last year. The investigation is linked to alleged irregularities in the implementation of certain schemes within the department.

<a href="https://www.wionews.com/india-news/indias-top-court-refuses-to-allow-abortion-for-pregnancy-beyond-27-weeks-says-foetus-has-right-to-live-721716">Also read |&nbsp;India’s top court refuses to allow abortion for pregnancy beyond 27 weeks, says foetus has right to live</a>

As part of this probe, many&nbsp;counting machines were used during the raid to tally the unaccounted cash, predominantly in Rs 500 denomination. Additionally, agency officials discovered some jewellery at Jahangir Alam's residence.

Alam, aged 70, was summoned to the Enforcement Directorate's zonal office in Ranchi on Tuesday (May 14) to give&nbsp;his statement under the Prevention of Money Laundering Act (PMLA).

Also watch |&nbsp;India Elections 2024: What Assam wants from India's new government?

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/india-elections-2024-what-assam-wants-from-indias-new-government-721773/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

(With inputs from agencies)

The Enforcement Directorate (ED) arrested Jharkhand cabinet minister and Congress leader Alamgir Alam in connection with a money laundering case on Wednesday (May 15).

The Enforcement Directorate (ED) arrested Jharkhand cabinet minister and Congress leader Alamgir Alam in connection with a money laundering case on Wednesday (May 15). This arrest follows his nine-hour interrogation by the central probe agency at its zonal headquarters in Ranchi. On May 6, the ED conducted a raid on the apartment of one Jahangir Alam, who serves as the house help for Alamgir Alam’s personal secretary, Sanjeev Lal, and seized over Rs 37 crore ($4.5mn) in cash. Subsequently, both Alam and Lal were arrested after the raid. VIDEO | Visuals from outside Enforcement Directorate (ED) office in Ranchi, Jharkhand. Earlier today, Jharkhand Minister and Congress leader Alamgir Alam was arrested by the ED in connection with a money laundering case. pic.twitter.com/Nj72AwhUuq — Press Trust of India (@PTI_News) May 15, 2024 × Connection to ongoing money laundering probe The raids were part of an ongoing investigation into a money laundering case involving Virendra K Ram, the former chief engineer of the Jharkhand Rural Development Department, who was arrested last year. The investigation is linked to alleged irregularities in the implementation of certain schemes within the department. Also read | India’s top court refuses to allow abortion for pregnancy beyond 27 weeks, says foetus has right to live As part of this probe, many counting machines were used during the raid to tally the unaccounted cash, predominantly in Rs 500 denomination. Additionally, agency officials discovered some jewellery at Jahangir Alam's residence. Alam, aged 70, was summoned to the Enforcement Directorate's zonal office in Ranchi on Tuesday (May 14) to give his statement under the Prevention of Money Laundering Act (PMLA). Also watch | India Elections 2024: What Assam wants from India's new government? (With inputs from agencies)

India: ED arrests Jharkhand minister Alamgir Alam in money laundering case after huge cash seizure

The Bombay High Court on Monday (May 6), granted temporary bail to Jet Airways founder Naresh Goyal for two months on medical grounds. Goyal had been arrested by the Enforcement Directorate (ED) in connection with a money laundering case.&nbsp;

Justice N J Jamadar, sitting as a single judge, directed Goyal to furnish a surety of ₹1 lakh ($1197) and refrain from leaving Mumbai without prior permission from the trial court.

"The applicant (Goyal) shall be released on interim bail for a period of two months. He shall abide by all conditions imposed," the bench said.

Goyal has been instructed to hand over his passport as well.

Naresh Goyal, aged 75, had requested interim bail on grounds of medical and humanitarian reasons, as both he and his wife, Anita Goyal, are facing cancer battles.&nbsp;

<a href="https://www.wionews.com/business-economy/nclat-upholds-jet-airways-transfer-to-jalan-kalrock-consortium-revival-in-sight-699642">Also read |&nbsp;NCLAT upholds Jet Airways' transfer to Jalan Kalrock Consortium, revival in sight</a>

<h2>Why was Naresh Goyal arrested?</h2>

In September 2023, the Enforcement Directorate (ED) detained Goyal on charges of laundering money and diverting loans totalling ₹538.62 crore that had been provided to Jet Airways by Canara Bank.

In November 2023, his wife was arrested when the ED submitted its chargesheet in the case. She got bail the same day due to her age and health.

In February, a special court rejected bail for Naresh Goyal but allowed him to go to a private hospital for treatment. Goyal then asked the Bombay High Court for bail, saying he needed medical help.

During the hearing, Goyal's lawyer asked the court to let him go on humanitarian grounds. He said Goyal had health problems and wanted to support his sick wife.

<a href="https://www.wionews.com/business-economy/jet-airways-founder-naresh-goyal-breaks-down-in-court-says-better-i-should-die-677445">Also read |&nbsp;Jet Airways founder Naresh Goyal breaks down in court, says, ‘better I should die’</a>

The Enforcement Directorate didn't support the request because there wasn't a recent medical report. They said it was okay if Goyal stayed longer in the hospital. ED's lawyer, Hiten Venegaonkar, suggested that the court could let Goyal stay in the hospital for four more weeks and then get a new medical report to check how he was doing.

(With inputs from agencies)

The Bombay High Court on Monday (May 6), granted temporary bail to Jet Airways founder Naresh Goyal for two months on medical grounds. Goyal had been arrested by the Enforcement Directorate (ED) in connection with a money laundering case.

The Bombay High Court on Monday (May 6), granted temporary bail to Jet Airways founder Naresh Goyal for two months on medical grounds. Goyal had been arrested by the Enforcement Directorate (ED) in connection with a money laundering case. Justice N J Jamadar, sitting as a single judge, directed Goyal to furnish a surety of ₹1 lakh ($1197) and refrain from leaving Mumbai without prior permission from the trial court. "The applicant (Goyal) shall be released on interim bail for a period of two months. He shall abide by all conditions imposed," the bench said. Goyal has been instructed to hand over his passport as well. Naresh Goyal, aged 75, had requested interim bail on grounds of medical and humanitarian reasons, as both he and his wife, Anita Goyal, are facing cancer battles. Also read | NCLAT upholds Jet Airways' transfer to Jalan Kalrock Consortium, revival in sight Why was Naresh Goyal arrested? In September 2023, the Enforcement Directorate (ED) detained Goyal on charges of laundering money and diverting loans totalling ₹538.62 crore that had been provided to Jet Airways by Canara Bank. In November 2023, his wife was arrested when the ED submitted its chargesheet in the case. She got bail the same day due to her age and health. In February, a special court rejected bail for Naresh Goyal but allowed him to go to a private hospital for treatment. Goyal then asked the Bombay High Court for bail, saying he needed medical help. During the hearing, Goyal's lawyer asked the court to let him go on humanitarian grounds. He said Goyal had health problems and wanted to support his sick wife. Also read | Jet Airways founder Naresh Goyal breaks down in court, says, ‘better I should die’ The Enforcement Directorate didn't support the request because there wasn't a recent medical report. They said it was okay if Goyal stayed longer in the hospital. ED's lawyer, Hiten Venegaonkar, suggested that the court could let Goyal stay in the hospital for four more weeks and then get a new medical report to check how he was doing. (With inputs from agencies)

Jet Airways founder Naresh Goyal gets bail on medical grounds for two months

The Enforcement Directorate (ED) has filed a money laundering case against Kerala CM Pinarayi Vijayan's daughter Veena and her IT company over alleged illegal payments. Watch in for more details!

India: ED files money laundering case against Kerala CM's daughter Veena Vijayan